Inside EY's Generative AI Rollout and Tax Challenges
Ernst & Young LLP is developing a generative AI tool for tax professionals that's meant to automate repetitive data work and make tax planning more efficient. The Big Four company is investing $1.4 bi...
14 Aug 202415min
More States Welcome Cannabis Business Tax Deductions
Nearly 75% of cannabis businesses operate at a loss, and many in the industry point to a feature of the Internal Revenue Code as the reason why. Cannabis companies are prohibited from deducting ordina...
7 Aug 202412min
New EU Tax Panel Chair Takes Aim at Avoidance Schemes
Italian economist Pasquale Tridico, newly elected chair of the European Parliament's Subcommittee on Tax Matters, has some fresh ideas to curb tax avoidance, which he says will be one of his top prior...
31 Juli 202412min
GOP Tax Team Lead Talks Corporate Tax Rate, Priorities
The corporate tax rate is coming up in nearly "every conversation" House Ways and Means Committee Rep. Carol Miller (R-W.Va.) has been at recently. Miller is leading one of the ten House Ways and Mean...
24 Juli 202411min
Is There a Faster, Cheaper Way to Collect Back Taxes?
The state tax gap—the difference between the true tax liabilities owed to a state and the amount voluntarily submitted to revenue agencies—is possibly the most stubborn and perplexing problem facing t...
17 Juli 202410min
Accounting Leader Calls for CPA Training to Evolve
Training for CPAs must evolve to focus on the skills and experiences necessary to meet future market demands, the leader of the largest US accounting industry group said. Barry Melancon, president and...
10 Juli 202431min
New IRS Criminal Division Chief Carves Out Priorities
The new chief of the IRS criminal division wants America to know he’s hiring special agents, and they’re fulfilling their mission to investigate tax and financial crimes. Guy Ficco started his new gig...
2 Juli 202421min
High Court's Moore Ruling Sharpens Wealth-Tax Debate
The US Supreme Court brought a muted end last week to its biggest tax case in years, but the arguments that propelled the case are far from over, especially about what the court’s ruling could mean fo...
27 Juni 202424min
